As individuals, the five partners who own a business tend to favour a risky investment.When they meet as a group to discuss the investment, we can expect a less risky course of action to be adopted.

Question

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Group decision-making often leads to riskier choices due to a phenomenon known as "risk shift" or "risky shift," where the group collectively agrees on a riskier course of action than individual members would choose on their own.

As Individuals, the Five Partners Who Own a Business Tend